ECB Preview: Draghi Building Support for QE3

14 September 2016, 18:07
Eko Rediantoro
It will be difficult for ECB President Draghi to reach a consensus on extending bond purchases at this meeting. Any decision not to make a move is, however, likely to come with even stronger rhetoric over its determination to lift inflation with Draghi also likely to a promise a policy re-evaluation in the fourth quarter. An implied suggestion of further action would lessen the risk of a squeeze on short Euro positions and lessen selling in equities.
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